Amex Gold Card - My HONEST Review (After 2 Years)
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- čas přidán 19. 10. 2022
- In this video, we’re doing an updated Amex Gold card review where I will answer, “Is the Amex Gold card worth it for me after 2 years?” This American Express credit card is one of the most popular credit cards in the world because the Amex Gold is very focused on benefits and features involving food. So depending on your situation and some of the things we’ll discuss in this video, the American Express Gold card could be the perfect fit for your wallet - or it might be overrated and overpriced.
Some of the top Amex Gold benefits include earning 4x Membership Rewards per dollar on restaurants and groceries as well as the $120 Uber and $120 dining credits that come with this Amex credit card. Now, there is a $250 annual fee which is what people need to be careful of because if you aren’t optimizing how you use the Amex Gold, then you will end up losing money by holding this card.
So hopefully this American Express Gold card review and my experience from having it over the past 2 years will be helpful. If you are considering getting the Amex Gold anytime soon, make sure you check your numbers like I did in this video. Also, make sure you are getting the best welcome bonus possible because there is a lot of value in that with any credit cards out there!
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CHECK OUT SOME OF MY OTHER VIDEOS:
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90% of Amex Gold Users Are MISSING OUT (5 Overlooked Benefits): • 90% of Amex Gold Users...
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Do you think the Amex Gold is still worth it at $250 per year? Or are there better options for a "food-focused" credit card?
After churning the 90K SUB, I only put the $10 dining credit spend once a month on the card. I use the Uber credit to get the other $10 added to my Uber account but i even put that spend on another card. I will keep it open just to add Amex offers that i will not use to the card to try and generate offers i will use to my other card and then the 3x on flights.
For groceries, the blue cash preferred card has been amazing for my family. I got a big cash back bonus ($350 with $3000 spent in 6 months I think it was) when I got the card and I will easily max out the 6% back for groceries to the first $6000 each year (it then reverts to 1% so when that happens I will switch to a different card for that category).
I use it for the majority of my subscriptions (like Netflix, etc) and it gets 6% back on that. It gets 3% back on gas and other things as well. At a minimum, this card will make me over $650 profit every year excluding the sign on bonus. It is well worth the $95 annual fee!
I have a couple of cards that will get back 3% at grocery stores consistently and my discover it card that gives 5% back during one of the spending quarters ($75 max with $1500 spent) so I will leverage that if necessary.
My groceries are covered to a point but I dine out a lot with my family (me, wife and 3 sons). The gold card would help me get 4% back on dining and 4% on groceries if my 6% ran out or if the 5% back from Discover was not in the spending quarter. It would definitely be useful on my normal spending anyway, but the dining credits are also useless to me and I’d have to find an excuse to use the Uber credits so my effective annual fee would probably be the $250. I’ll have to run my numbers and see if it’s worth it after any initial bonus.
I still use my Amex gold all the time whenever I go out and go to Trader Joe’s it would be even better if Costco accepted it but it is still really useful I think
I think Amex Gold is most effective if you have minimal spend of $5000 per year. If my spend was lower than that I wouldn't pay 250/yr for a card. CSP would be a better alternative.
@@S5King7 2 Custom Cashes will cover you for both categories with no AF, and will earn 5x.
I have the Amex everyday preferred cash back. 90 annual fee. 6x on groceries. 6% on streaming services. 3x on gas. 1% everything else. I don’t have kids so I don’t spend much on food. I use it for everything and I get about $60 a month back. I was interested in the gold card but the point system is kind of intimidating.
$60 a month? Wow that’s high
Another solid video, people seem to overvalue the credits and even the point redemption. Nice to show a pragmatic approach and an honest evaluation of the gold card. Keep up the great work, you're becoming my favorite content creator in personal finance!
It’s the card that keeps on giving those high rewards year after year (if ya like to eat food). But it does require some work to make it work 😬🍽
Absolutely, one of the best cards for consistent value when the numbers make sense for you! It gave me a ton of value when I first got it and now the numbers are working more in favor for me again as I settle in with less new credit cards next year! Definitely takes some work with those point redemptions especially but it's worth it when you get a good redemption!
The part that I don’t think gets enough attention is that the 4x on groceries does not work at clubs and Walmart super centers. That is what I get about 99% of my groceries. So that makes the 4x on groceries pretty useless
what about costco?
@@LilShubzy well Costco only accepts visa so that’s a moot point. But I would imagine that even if you went to Costco online and could use it, Costco is still a warehouse club so no
@@mjsabie8517 WHAT??? Really??? That defeats the purpose of why I want it
@@JamesCarter9632 yes. Walmarts, target, etc are not coded as grocery in the credit card system so they don’t qualify
Walmart Neighborhood Market counts as groceries
As a New Yorker I easily use the full $240 in yearly dining and Uber credits. And I was able to get an Amex corporate card through work and then I called Amex and got them to add the $100 Personal Card Annual Credit.
So Amex is now paying me $90 per year to keep their card 😮
👀👀 may I ask more about this? I have an Amex corporate card too but didn't know I could take advantage of such a thing?
@@Brother_James Yes if you just look up Amex Personal Card Annual Credit you will find the information. It’s $100/year for Gold, $150 for Platinum, $75 for Green, and $50 for Blue Cash Preferred. I was able to have it added to my account just by using the Amex chat and asking a representative if they could add the credit to my account and they said yes. Other data points online say the same thing - seems pretty easy to have them add the credit.
Very true Living in the City as well. My amex gold and plat pay by itself very worth it
What's the requirements to get the credits
@@Channing_Gosling i need to work for ur company. Plz hire me
Yes Daniel! Would love to see that Redemption Amex video! Loved your insight on this. I have the Gold card. So far, I'm enjoying it but I love your break down on the percentage back. That really helps! Thank you!
Something crucial I think is worth mentioning. For those of us that have a corporate Amex card, if you apply for a personal Amex card you can get a recurring statement credit as long as your corporate account is open. Platinum is $150, gold is $100, Green is $75, Blue Cash Preferred is $50.
You don't get a bonus welcome offer (so for gold, it's 60k points), but the recurring $100 statement credit means you only have to use just over half of the dining credits to have an effective "no fee" card, and if you happen to use all of them then you're net positive before any rewards.
Something to consider for those that think they'll keep the card for years; the recurring credit could be worth way more than an extra 15k or even 30k welcome offer.
GREAT point here with this comment! Yeah I mentioned the Amex Corporate Advantage Program for $100 off the Amex Gold annual fee in this previous video here: czcams.com/video/PMD813FXNmg/video.html
I used to have a corporate Amex card and had no idea that was even a thing back then haha. Very valuable tip so thanks for that and thanks for watching! 👍
Great video. Just want to also point out that with this being a charge card instead of a credit card it has no spending limit. If you use it as your daily driver (gas, food, shopping), you will have a great credit utilization percentage because other cards are not being used
Great 👍 point
I’m not a fan of. I prefer set limit. Not a fan of having to check with daddy Amex to see if I can buy something
One of the best reviews of this card I’ve seen, my friend. At some point, if you’re like me, you’ll slow way down on the card applications. I now find myself saying, “why get this card? I already have a card that gives me 4X back (or whatever)”. At that point, the gold will resurface in your wallet. Also, because I have the Schwab Platinum card, I can always cash out my points earned on the Gold card at a decent rate. So, it still holds a firm place in my wallet. Regarding dining credits, Amex must know that customers hate the coupon book approach. They’d have many more if the quit playing games with that and just give a straight dining credit. Thanks again. Great job.
As a student with no cars driving around, I would say the dinning and Uber credit is actually quite useful. A boba with Grubhub and a Uber ride can easily spend them and I know that it doesn’t create extra spending for me. Tho I do wish they can expand the flight category and change it to travel like the green card do
For me, it’s definitely worth it but it definitely is important for everyone to evaluate whether the cards make sense for them or not!
Thank you for this honest review. I think Amex BCP for grocery (6%) with lower annual fee plus Citi Custom Cash for dining (5% if that's your top category) is way better, and you additionally get 3% for gas and 6% for streaming with BCP. Gold is a jack of all trades, master of none card. Annual fee too expensive for everyday purchases, not powerful enough for travel. Get BCP for everyday, get Platinum for travel. Gold needs to drop its annual fee by $100 then I would be intrigued
It’s definitely a great card to have but depending on your lifestyle I can definitely understand why some people will stay away from it, especially with that annual fee. Great video as always Daniel!
Mad respect for pointing out the referral hustle.
Got mine a month ago. I love it. With grocery prices going up it made sense to me. I also got a targeted bonus of 90000 points.
Great to hear that you got the 90,000 point bonus!! Yeah I completely agree, with higher grocery prices it makes sense to get the most out of that spending category. Thanks so much for watching Scott!
Very well done very well done and right on time for me I've been looking to get the gold card back, but I'm a little hesitant because I do not feel that I would fully utilize all the credits to get it down to a smaller annual fee, but as far as groceries go you're on point with the Citi custom cash, I totally forgot about that thanks again.
The recent changes to the Amex Brilliance has really made me think about use-or-lose it credits, there much more difficult to manage.
Super video! Daniel that was great to see your honest review 💯
We eat out and spend a lot on grocery every month. To me, amex gold is the truly all I need. Picked up the card early this year and got the 90k offer. Gonna ask for the 20k points retention offer next year. It's perfect when I'm waiting for my chase Sapphire welcome bonus to be back again. :)
I love how smart you are i might just go ahead and get it because id like to start traveling
Thanks for all the info , just got my gold card.. looking forward to follow your tips 🤞
Love your honesty !! Thanks for the tips.
Thank you! And glad to hear you enjoyed the video!
Agree 💯 and yes AMEX needs to improve that dinning credit. Thanks for the info 👍
Yeah they could at least expand it to some other larger chains or something! A $10 general dining credit would be great though - thanks for watching!
Just used your referral link to apply. Thanks for helping me understand the amex gold even more. Enjoy your 55,000 amex point as a thank you from me 😄
I love using this card just due to wanting points for travel, PLUS the groceries prices went up for me, I like being rewarded for purchases.
I also use the card often to buy lunch for
coworkers to maximize points but they pay me for their lunch lol so it’s an extra. I enrolled my card in Hiltons program for restaurants to get points in selected places to get double reward. And lastly I love those Dining $120 credit for UberEats on some delivery and pick up orders. Ps Starbucks added Delta to their partnership on the app so 4x plus miles and starbucks stars for free coffee is awesome!
Can you explain the delta miles and hotel points
@@jfcortes1028 You can get both with the Amex
I do like this card. In my use case, I use the Uber credit for Uber Eats. However, in my use and research, I would have to value that $10 monthly credit at only $7 to $8. That’s because Uber Eats even with pickup only costs much much more than ordering directly with the restaurant.
Excellent info, thank you! I would recommend slowing down a little when you speak, I had to rewind often to process some of this info
I gotta say dude is goated for the transparency
Very helpful and saves time for viewers. Looking forward for the amex point redemption video.
Thanks so much Brandon! Yeah I'm looking forward to making that video, it's always fun and kind of like a game finding good point redemptions!
I hear you on the credits. I have taken to always using Grubhub & Uber Eats pick up to avoid the tip and get 5% back, plus any available discounts on top of that (other cards give me the free delivery services with both companies, and the services usually offer additional credits or discounts). This helps.
That said, the credits do distort my spending, sending me out to a restaurant I might not otherwise choose just to make sure I can pile on enough deals to make the meal close to free and not cost myself money.
I try to calculate the worth of cards based on points earned by my normal spend only; that makes the credits feel like “free” money and stops me from stressing over them.
Looking forward to your next videos.
Thanks so much for watching and sharing your thoughts Robert! Yeah I think that's the right way to approach the credits like you're doing. The credits definitely can distort your spending if you're just trying to use them, so valuing them according to your normal spending habits is important.
It’s important to consider, not only if you break even on cards, but if there are other cards which would earn you more
Exactly my process of thought. I won’t use those monthly credits so a card with no annual fee and 2x points per dollar with net me more value than the gold card
I definitely enjoy the 4x points on grocery/dining, but I can’t get the full value out of the credits. I think once I have to start paying the annual fee I’ll be looking at another card for those categories
Great video, I had that card before , absolutely doesn't worth chasing $10 here and there to offset its annual fees.
Good video Daniel. As a long time points enthusiast I usually cancel cards after one year so I don’t pay another AF. At some point, you won’t be able to churn these cards. I also stay mindful of 5-24 so I can get SWA companion pass every two years.
5 24?
It made sense to me for the 75K points for 4K in 6 months... Down the road it will depend, not impressed by the Cheesecake & Uber credits so things may change down the line. Great video by the way!
The pickup options definitely does make those credits more valuable but literally almost ever restaurant around me hikes up the price by 30% for pickups outside of their own store apps.
After you make the order, click on it and select the option that says something like “I found this cheaper elsewhere”. I just screenshot a menu item and upload it, they always refund me the difference and even throw an extra $5 on top sometimes. I probably save another $10-15 a month just by doing this step, which takes like 30 seconds.
@@arercee5528 do you screenshot menu item from restaurant im guessing? Just tried it but only options I had were door dash and uber eats. Selected door dash and sent screenshot of one item hopes it works . Maybe should’ve shown picture of cart or something?
I've had my Amex Gold for just over a year and so far I've redeemed 2 tickets to the Bahamas (~$300 each), 2 tickets to London (~$450 each), 1 ticket to Vegas ($200), the Clear 50% promo for me and my boyfriend who is an AU, and a couple other random redemptions, like the Amazon 50% off for 1 point promo. I've definitely really liked it, but I will agree that it's not easy to use the credits and now that I'm done with the SUB & don't have any people to refer, it's harder to rack up points. Of course I've also been spending on other cards for the SUB, but I'm holding off on that for a bit now. Definitely the annual fee is high for the credits that you get, and I would NOT recommend to someone who doesn't have a steady source of income (because if you pay the $250 but aren't spending enough to get a lot of points, but so far I've been happy with it. Will have to see how it does in another year
One thing missed here is AMEX offers that you get. Last month got an offer that saved me 35 off my cell phone bill along with 10 on Insurance. Then go another offer for a Hilton credits that help saved 50 bucks on a hotel. They can be really helpful. Wonder how they compare to others.
I agree, like when I order my pizza once a month, workers at the pizzeria keep asking me why I don't order directly, and I could save at least five bucks or more, depending on the order. Don't use Uber, because local car service saves me more than $10 per ride, even taxis are cheaper for short distances. I keep the card only because I got a retention offer. For food and restaurants I get at least 5% from cards without an annual fee or low $95 fee. Will keep gold card as long as retention offers are available.
Fantastic points made Daniel! Too many restrictedcoupons in exchange for steep annual fees.
Hi ! I would like to register on amex gold card. I have to spend £3,000 to claim the rewards points. Is it included rent, bills etc?
Thanks
I love my AMEX gold. I eat out a ton and use it for my groceries so it's a no brainer with those 4x points. I use up the uber credits every month but don't use the dining credits because there isn't much availability for it where I live. I got a nice welcome bonus (75k) and have been saving points since. I used my points to pay for an upcoming overseas trip, however I did miss the transfer points bonus to a partner so I didn't get the best redemption out of it. Regardless my full flight was paid for so I'm happy. I'm currently in the process of getting that CSP bonus but after that I don't know if I want to continue with chase or go with another AMEX card. Chase seems to have more everyday usage cards in their lineup but I really like my experience with AMEX thus far.
Nice, thanks for sharing your experience with the Gold card! Chase is a great option as well, definitely some good every day use cards in that lineup. Thanks for watching and commenting! 👍
You should also consider that the AMEX gold card does not charge international fees, something very important for someone who lives in a border city or travels outside the US frequently.
Most even C tier cards don’t.
Hey very solid video, but just have to say 2 things. The savor from Capital one gives 4% in dining and entertainment instead of 3% like you said and only a $95 annual fee. But the one thing that nobody talks about with Amex cards is that they don't get accepted anywhere. Went to Spain, Puerto Rico, Paris among other countries and is a real pain in the rear to use the card bc no business accepts it
Yeah very good point about Amex acceptance! Definitely not as good as something like Visa.
And the card I referenced was the SavorOne so it’s just a step down from the Savor card so it gets 3% on dining and groceries and a few other things with no annual fee
I’m considering closing it, I got my Gold Amex because CSP only gave me x2 on dining, but now that I get x3, I don’t see a reason to keep it. Plus as my only Amex card, it’s a bit hard to accumulate enough points to travel since most of my cards get UR.
Recently found your channel and subscribed. I limit my CC’s. My two primary cards are AMEX Gold and BofA Premiums Rewards. I have a couple others that I’ll dispense of soon such as the Apple Card and Amazon VISA Signature.
I’ve watched several of your videos and scanned titles of many more and have never heard BofA discussed in detail; only seen their logos shown.
I’m a long time BofA customer and would be interested in your take between BofA and Chase as I’ve been considering switching. One reason I’ve held on to BofA is no fee EVERYTHING (except for preferred rewards card annual fee) and easy access to ATM’s.
Do you have this comparative review or plan to do one anytime soon?
I agree with you. Yes, the credits help, but I have to spend over the credit to use it, it’s purposeless. If I don’t use it, I feel like that I’m not getting my full value. I’m not thrilled with their selection. I would prefer a flat credit to spend as I please.
This is my favorite credit card!!! Please show us to use transfer Amex points!
i have a question. What If i book through a travel agent like CheapOAir or Expedia name a few, still that count as a travel direct from the airline? The charges are in face from the airline (As on the statement saying "unitedairline". My Citi custom card does earn 5% tho. Ju8st curious if you ever try that before because the Portal will never be the cheapest. This goes for Chase, BoA and Amex. Their price are pricy up to $250 more
w
Daniel I’m glad to say I upgraded to the Platinum card from the Gold card I wanted to have both Gold & Platinum i tried to reply but they declined me my question is can I get the GoLd again need your advice
so what to get if not the amex gold? I spend a lot of money of food and groceries a month and the amex gold was gonna be my newest card? open to all suggestions
I applied yesterday for it and got approved, it was 80,000 points in first 6 mths for me 🤷🏼♂️
Good video, I only use uber and no the dinning credits. So I am at a $130 fee also.
Is there anywhere to stay up to date on the sign on bonus to get the best bonus options available?
I eat at Shake Shack 2-3 times to week and Uber quite a bit with friends. This card spoke to me.
Nice! Yeah then this card is perfect for you and easy to get positive value!
Bro, your spending crazy money on fast food. I cant imagine.
I haven’t really seen anyone make a video on the Amex blue cash preferred where for a $95 annual fee you get 6% on groceries and 3% on dining. Plus you get a monthly credit on streaming services so you save big time. It seems to me like that’s an absolute no brainer for anyone who isn’t so set on getting points for travel
I had an Amex offer that was basically 3 months of the Uber/Uber Eats credits. I struggled to use these. Then I had the temporary monthly dining credits on the Delta Gold. Even though they were very easy to use, it was a hassle to keep track of them and sometimes I would have to go out of my way to use them. If I didn’t enjoy tracking an easy to use dining credit, then would I enjoy tracking the Amex Gold dining credits that are more limited? Given my experience with the Uber Amex offer and the temporary dining credits, I decided to take a pass on the Amex Gold.
Hey Vincent, sounds like the right move for you to pass on the Amex Gold! Yeah that's one of the major downsides to a lot of Amex cards is that you have to track all of these credits. I'd rather it just be a general dining credit that's automatically applied instead of only specific places
Honestly, just got this card because I have a family: we do takeout 2x/month, we spend at least 2K on groceries/month, and we travel, which means we use Uber often. It's the perfect card for us. But we're idiosyncratic.
Daniel, really great content! I recently got the Amex gold about two months ago and was lucky enough to get the 90,000 sign up bonus that I’m working towards right now. I’ve been able to travel outside the US a few times since I got this card but, I’ve experienced some difficulties. It seems a lot of the businesses do not accept Amex, at least not in the areas I’ve traveled to outside the US. I hope this doesn’t continue to be the case as I continue with my travel plans.
Other than that, the Amex gold seems to be a pretty solid every day card. Might just have to consider getting another card (Mastercard/Visa) to use during travel overseas.
Thanks again and keep up the good work! Cheers!
Hey Alonso, thanks so much for watching my content! Yeah that's definitely a common problem for Amex users outside of the US - it's good to travel with a Visa that has no foreign transaction fees to go along with the Amex Gold. But great sign up bonus you were able to get on this card!
I think the Amex is especially worth it by people from the US, most of the benefits don’t count in Europe, because many Restaurant or grocery stores are not available here.
I am thinking about getting creditcard that I can use in Switzerland, Germany and pays me back a little bit.
Any ideas?
I use the 10$ credit on cheesecake factory gift cards lol gonna use them soon for a nice dinner xD
I like to to tell people that annual fees and statement credits are like buying yourself a gift card somewhere. And whether or not thats something you'd actually use. For me, this card is a no go. I would not "buy myself a gift card" to any of those places the amex gold gives you statement credit for.
I love the way you think about it! I may have to borrow that analogy for a future video when I'm talking about these credits. When I think about it like that, I would buy a gift card for myself to use on Uber because I use that regularly - but I would not buy gift cards at the moment for any of the dining partners. I used to use Grubhub but not much lately. Thanks so much for the comment Corey!
@@Daniel_Braun borrow away my good sir! Yea i think its the perfect way to look at it.
Not sure if anyone knows the answer, but can you use the monthly credits to buy gift cards? Basically, can you buy a $10 shake shack gift card or Uber eats gift card and have Amex reimburse you for that? This would effectively allow you to carry over credits month over month
Nice objective video. I think most people change their daily habits when they get the card vs the later where they wouldn’t have otherwise used the card at for those dining options. I think the card is overhyped when you got cards like the savor one and citi premier. Even with chase, if you’re smart you can easily get 3X in dinning and 5x on groceries all year around for no annual free. The only Amex card probably worth as a keeper even if you’re not annually in the positive is the platinum.
Thanks so much! Yeah all very good points that I agree with you on. There's a lot of other options out there so when you consider that, you've gotta make sure you're getting outsized value from redeeming Amex points as well as good value from the $240 of credits on the Gold card to make it worth it.
I only got Amex plat for 125k offer. I’ll keep for 2 yrs and cancel. But maybe if they make it more competitive like my venture X, might keep and close X. But Amex has a done a masterful job branding. So they’ll keep nerfing
My welcome bonus is 90,000 and I easily get dining and Uber credit. The gold card is my favorite card!!
AmEx Blue Cash is giving me 6% back on groceries.
Regularly getting a new card and doing those spends is a key point.
I agree on the credits, especially the "dining" credit. Those eligibe chains are pretty niche.
GrubHub?
How do you edit your videos? you do an amazing job!
Thank you so much! I use Final Cut Pro and taught myself a few things over the past year so glad you like it!
Good info thanks.
I have 2 custom cash cards: Restaurants & Groceries. Want to extend to one more to cover gas as well
Agreed, after considering opportunity cost, this card rarely makes sense before you churned all the other cards. And even if one was a huge spender, I doubt it’s worth the effort keeping track of all the food credits.
Yeah that's the thing - I really wanted this card 2 years ago but didn't realize I would be getting all these new cards as well. Probably would have been better for me to wait because it can still be a great card. The Amex Gold is definitely not the only option for food credit cards. Thanks for watching!
I just got approved for the AMEX Gold with a 90,000 sign up bonus. First I used the “View Offers” section of the AMEX webpage . I entered my info and received 120,000 sign up bonus points for the Platinum and 90,000 for the Gold. I went with the Gold Card. Then I used their “Pre-approval” feature, they do a soft pull and let you know if you’re approved or not before accepting the offer. Similar to the process with the Apple Card.
So what is your personal optimal credit card wallet? Would be an interesting video to see what you would pick for your wallet if you could pick and choose.
How do you activate the points on groceries and all that? Is it automatic?
What’s a similar card with no annual fee?
I fly and travel at the very least 4 times a year. Nothing beats 4x points for groceries. I also do order food online every weekend, so these $10 credits are great.
Dan, it’s a fair assessment, however most gold card owners use it for large purchases. We have another no fee Amex card for every day purchases
Yeah I sometimes think the Amex points are too time consuming to use. My time is valuable, so using the chase quartet the points are high value with little effort. Good sign up bonus though, I got 90k points +$250 back
Is it required to spend 4000 just to get the rewards. It’s not obligated?
I definitely enjoy the 4x points on grocery/dining, we do over $4k per month on dining alone.
Hi Daniel, Do you know of any credit cards which can offer more than 1% on the "all other expenses" (other than dining, gas, food, travel) and is partnered with airlines , so that we can redeem the points for travel? Please make a video on the cards which can give more than 1% on the "all other expenses" category. I currently have Amex gold and use the points for traveling internationally, which I like about the card. But I spend more on the "all other expenses" category every month and looking for options which can give me more than 1%
Capital venture or venture x card has 2x pts on everything
🤔 Daniel, what is your optimal credit card set up?
Great review.
Thanks so much, glad you liked it!
It’s a great card for people that live in an urban environment to be able to use the Uber and the other credits. I live in a more rural/suburban town so I can’t use the credits to make the annual fee go away.
Dang and I just opened it too, might as well get the 90k bonus before thinking about canceling it haha
You can grab a $10 gift card for the dining credit each month and just accumulate some for a meal. Great video as always!
Thanks so much Ricky! Yeah I've heard some people doing that so if I remember to do that then maybe I could spend my credit that way for the dining credit
Does this still work ?
@@Daniel-jk9ge I believe so. I just purchased a gift card yesterday. Usually takes a few days to get refunded. I’ll keep you posted.
@@Rvzumbo ok 👍🏻
@@Daniel-jk9ge yes it worked I got refunded for the gift card.
I ignored the credits. Entirely. What I looked at was $250. Okay. 4x for two categories. What's my goal? One free flight. Target 32,000 SkyMiles. So for $8,000 in spend I am doing anyway between dining and grocery store spend annually, I should easily get a free flight. (Okay a flight for $250 technically, but still) I average 1.3 CPP with Delta. Typical flight from me to Michigan (my usual trip annually) would easily cost over $350 cash. This year it's a keeper again. $250 for a ticket that could easily cost me over $400. Without factoring in any credits, American Express Offers, retention offers, etc. So plan to keep another year. Take care tho sir. Best to you and your lady.
My Savor Card gives me 4% on dining and even bars, taverns, pubs, and lounges for alcohol purchases! Will my new Amex gold give me 4x on bar tabs as well? Asking for a friend. TIA
I fly mainly Delta and was disappointed to see that I have to pay an Excise Tax Offset Fee to transfer my Gold Card points. Gotta figure that in too :/
My credit file is not thick enough such that I can churn cards for SUBs and keep my FICO where I want it. I'm content with that for now. AMEX is consistent in increasing limits, offering excellent customer service and flexibility. VS, say, Capital One, where I've been stuck in a bucket, now fighting for a simple product change. The long-term experience is night and day.
Thanks for the video that's an awful lot of number crunching. Luckily for me I am a simpleton all I want to do is travel so in my case the gold card works great.
Haha yeah I've always been a numbers guy so I do too much math in my videos lol. But when you're putting that Amex points to good use for travel then it makes this card a lot simpler to justify having!
@@Daniel_Braun no it's good that you do a lot of math I appreciate the fact that you do it for us. I watch your videos because I enjoyed that part of it
Credit card doesn’t make sense unless you eat out a lot or buy a lot of groceries AND you’re going to use the points for traveling. If you plan on using the points for anything other than travels then it’s basically just giving you 2% back which is the same as other cards like my Wells Fargo Active Cash card
I would pay over $200 a year af, while getting better deals on food from other cards that don't have annual fees. I might get it one year just for the points someday.
Nice that makes sense - yeah the points and sign up bonus on this card can be worth it sometimes. Thanks so much for watching and commenting Carl!
I just got my Gold Card yesterday with the 60k sign up bonus.
Can an a.u. Use the Uber eats/ grub hub perks? Thank you
Cancelling the Amex Gold at the end of this year. Using the monthly credits are a pain in the ass. Plus we bought a house out in the burbs, so we stopped Ubering. I have added the CO Savor which gets 4x on dining, entertainment, and streaming services which feed points into my Venture X. I’m going to get the EDP next to get 4.5x on groceries and 3x on gas. Should more than cover the points earning of the Gold card.
I was thinking about getting EDP, but it has a limit of $6k per year and this stupid 30 transactions requirement. Not worth it. For gas I prefer Wyndham Business (8x on gas, 5x on utilities, and more useful perks). This card is a must have.
I got a 150k plat and a 90k gold, with the resy bonus - both have cleared their value by 2x
Also something to factor in is if you have the chase freedom flex that gets 5x on groceries for a quarter you’d probably be using that instead of the Amex Gold on groceries for that quarter
I was iffy on using those credits monthly. However after learning both UberEATS and GrubHub offer pick up and every place I usually eat at I've been able to use up those credits faster than I'd like 😅. Definitely worth it for someone like me who eats out and shops groceries for meal prepping a lot
Is the pricing still inflated a bit though? As opposed to if I just went to the restaurant and ordered?
@@clang001 Depends on the restaurant, I usually use my credit on a thai food place that is only like 50 cents more per meal
@@bradyostendorf5536 appreciate the info, thank you 🙏
Hello, if you buy in Walmart yo get points? Thanks
I got aprooved today for amex gold an upgrade from Bank of America Signature rewards Prefferred